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Grid-Interactive Water Heater Market Analysis, Trends, Growth Rate, Status and Outlook by 2025

04-12-2019 11:15 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QY Research, Inc. 

Grid-Interactive Water Heater Market Analysis, Trends, Growth

Electric water heaters having two-way control capabilities with the grid are known as grid interactive water heaters (GIWHs). Energy storage in a GIWH proves to be economical, as its function is similar to a battery energy storage system, but at a much lesser cost. Typically, water usage in the residential sector, which holds the maximum share in the global GIWH market, is higher during mornings and evenings. As GIWH allows water to be heated as and when surplus power is available from the grid, it provides flexibility to the electric supply system and ensures cost savings. In addition, these heaters are a cost-efficient option even at the consumer end, as they pay for the surplus load rate, which is generally cheaper than the normal price. The global GIWH market is segmented based on end-user and geography. The key end-users identified in the report are residential and non-residential segments. The following exhibit represents the current market scenario and future projections of GIWH in each end-user segment.

Access PDF version of the Grid-Interactive Water Heater Market report at: https://www.qyresearch.com/sample-form/form/988263/global-grid-interactive-water-heater-market

Owing to the rising population and the economic growth, the demand for energy will highly increase. Emerging economies such as China, need high energy due to their rapid industrilization. Technavio’s market research report has identified growth in energy consumption as one of the primary factors that will fuel the growth of the grid-interactive water heater market in the coming years. With the high energy requirement more renewable energy sources are coming online is bound to significant impact on the consistency of the electricity. Increased consumption of electricity will lead more renewable power to come online which will increase the load of the grid and GIWH provides demand-side flexibility which stabilizes the grid. Owing to the increased consumption of energy, the grid-interactive water heater (GIWH) will witness growth.

The Americas will be the major revenue contributor to the GIWH market throughout the forecast period. The market is primarily driven by the investments in the residential commercial sector. The demand from the Latin countries and the US is very high due to which the grid enabled water heater market is witnessing strong growth in the region.

The global Grid-Interactive Water Heater market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.

This report focuses on Grid-Interactive Water Heater volume and value at global level, regional level and company level. From a global perspective, this report represents overall Grid-Interactive Water Heater market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.

At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:

Steffes
Vaughn Thermal
Great River Energy
HTP (Everlast)

Click to view Tables, Charts, Figures, TOC, and Companies Mentioned in the global Grid-Interactive Water Heater market Report: https://www.qyresearch.com/index/detail/988263/global-grid-interactive-water-heater-market

Grid-Interactive Water Heater Market Segment by Regions

North America

Europe

China

Japan

Grid-Interactive Water Heater Market Segment by Type

80 Gallon Capacities
100 Gallon Capacities
119 Gallon Capacities
Others

Grid-Interactive Water Heater Market Segment by Application

Residential
Non-Residential

Access Customized Version of this Report at: https://www.qyresearch.com/customize-request/form/988263/global-grid-interactive-water-heater-market

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